All Forum Posts by: J. Martin

 $245 was the super early bird pricing for 2-day tickets. About 100 investors bought in at this price. The prices at the door will be about $75-100 more, and go up over time. (to get people off their asses.) The whole event is priced too low relative to similar events (and hasn't made me any real money), but I didn't want to raise prices too quickly to the $400+ level.. (where the organizers are not splitting revenue with speaker sales to cram crap down attendees' throats)

You should be able to make back tens, hundreds, or thousands of multiples by coming away with an idea or making a connection that gets you 1 tiny deal. More importantly, it's worth your time to make those connections! ;)

@Johnson H., you're gonna be able to make it out again at least one day, right? 

@Justin R.,

Thanks for the specific examples of how the Summit benefited you, and glad you had a good time too! ;)  It's going to be a blast this year also! Thanks for coming up from San Diego :)  I think the furthest away last year was Anchorage, Alaska. But will have a nice group coming out from Chicago, Seattle area, Austin. And of course a bunch of Cali folks. Looking forward to another diverse crowd! I just talked to David Adams, the former CEO of HomeSuite the other day to meet up in Seattle. I still get good 1mo+ guests from them today :)  (And see pic below)

@Jake Knight, I think there's a bit over a week before pre-sale ticket prices, so cancel whatever else you have planned, and get on it!!! lol 

@Calvin Kwan,
Right now, the 1-day tickets are good for either day and on sale for early birds! So just buy one now. You can decide which day you want to go as late as the day of the event if you want. (will probably split Sat & Sun tix for new purchases later).

We should have at least the speakers who are on each day in the next week or two... 

@Omi C.,
You're not quite a newbie any more!
What you said is exactly why I like getting this group of people together.. 
The openness of everyone about what they're doing.
Gonna be able to make it out again this year? 

@Jason Hsiao,
Thanks for the tags, and all your help on the email campaigns! :)
This Summit is going to rock!!

@Kurt Rieschel,
It's been a blast the last 2 years we did it!!
(On top of the awesome education and networking)
Talk to anyone who's been and you'll get an earful ;)

@Glen Fagin

I don’t think there’s anything quite like it, with all these BP folks, in the LA area. But sounds like I was able to answer your questions over PM, and I received your payment for the 2 days. You’re all set Glen! There should be some other folks coming up from Orange County and San Diego also. When we launch the networking app, will be easier to get in touch. 

@Sergey Tkachev
Thanks for the shout-out! And you’re absolutely right.  @Jake Knight said the same!

@Ryan Arth,
We had such a great group from around the country last year! I know it's a long way from Akron, Ohio. But hope you can make it again :)

@Anton Taylor
Happy early birthday! Tickets are on pre-sale now, if you want to save some money for your birthday. Don’t waste it buying a ticket later! Come grab me during happy hour on Saturday and I’ll buy you your first drink Anton! ;) I saw in your PM you're in Oakland, but had Elk Grove listed on your profile. You’ll also be in good company with some folks coming down from Sacramento, like Sergey Tkachev, @Al Williamson and the rest of the Sac crew.. Lots of local folks from Marin down to San Jose, and everything in between too.. 

******* 2017 SF Bay Summit info is here: ********
www.SFBaySummit.com

Oct 7 & 8, 2017 in Oakland, CA. 
J Scott, Amanda Han, Will Barnard, and many more will be joining us. 

If you'd like to post for the 2017 event, please do it here:
https://www.biggerpockets.com/forums/521/topics/445883-san-francisco-bay-summit---oct-7-and-8-2017---join-the-reunion?page=2#p2826247

**** DO NOT POST ON THIS FORUM *****
It is stale from 2016, and no one will read it :)

 Simon, last year's taxes could be very different due to Prop 13, since the property taxes will be based on the NEW purchase price - not the old last year's assessed value, based on whatever year they first bought the property.. 

On my 4plex in Richmond, it was over 2% of purchase price, due to the fixed assessments. (Of course, it's a lot lower as a % of market value, now that the price has gone up 75%.. 

 Ryan,
It's funny.. Some financing/factoring companies are popping up, and they will front you up to $50K, then take a % of your future earnings until paid off, direct from your Airbnb account. I don't like lending on collateral that rolls hahahhaa. 

But put together a business plan, and go on prosper.com or one of the peer lending sites and you should be able to borrow with decent credit. Or whip out those credit cards, and get moving! If you can't get $35K together for a money-making venture, you aren't trying hard enough!!! (or it doesn't make enough money hehe)

Not necessarily encouraging everyone to use credit cards. Just saying there's money out there ;)

@Ryan Evans,

Remember, **** rolls downhill! If you poison @Aaron Mazzrillo's fishes, he's gonna come get you! (In all seriousness, it's important to thing about how things like water, sewage, fire, etc are treated in these outdoor areas. One solution to the problem is to use a composting toilet. They're self-contained. Lots of people using them in tiny homes. 

As @Tyler Work said, people are looking for unique experience, and with all the TV shows, the "tiny home craze" is at peaks, even though everyone interested would probably never do it themselves (but they can live vicariously for a few nights through yours! ;)

I'm staying in Seattle right now for the Summer, want to stay in a tiny home, and my girlfriend wants to take me out to Leavenworth. So I'll be your first paying+test customer if you get it up and running in the next month and a half!

Btw, someone just told me the whole Leavenworth theme town was an economic scheme by the city about 30 years ago to copy Solvang, CA to turn it into a tourist trap, because the logging  economy was failing.. and it worked! (again, this is what I was told yesterday by a local in Seattle.) Just thought it was funny.. Thought it was an old german city lol

@Senika Levias,

We just PM'd also. If it's a good deal in Richmond or Oakland, I might buy it. Have a place not far from Kaiser, and down by 8th & Virginia. 

I think the concern some have.. and they are referring you to talk to your broker - has to do with your obligations in dealing with potential clients AS AN AGENT, whose interest you act in, legal disclosures, etc. vs. as a wholesaler trying to get the best price for the buyer on the contract (you, or assignee). There can be some tricky legal stuff there, and many wholesalers do not get their real estate license for that reason. 

Having said that, if you were not an agent, you would just write your name "or assigns" as the buyer, then can use a simple form to assign the contract to the end buyer. A lot of sellers will just sign another contract with the new buyers' name, while releasing some/all contingencies (when you "go hard.")

What others are saying is that you should not be getting an owner's hopes up for a contract, when you don't know if you can close. Often, a well-regarded wholesaler is known for closing every contract they sign. Not just trying to "lock things up" in contract and shop it around, then drop out of contract consistently (wasting the seller's time). 

Don't get me wrong. There are plenty that do that also. 
But I think these are the various feelings you're getting from the BP crowd. 

Anyway, hope that helps explain. 
Like I said, if it's a good deal, I might buy it from you, and can help walk you through in that case.. 

Best of luck on the deal!

 :)

This was just north of Santa Rosa, in the very northern part of wine country. Yes, they needed a permit for a legal grow. I forget the exact regs, but they could have something like 3,000 sq ft of growing space, I believe (they didn't do it by plants there.) The regs differ quite a bit from county to county, and sometimes city to city. Some states, you can't cross state lines. Has to be grown there. Don't  know about WA. Although it's been legal for recreational since 2012 I believe in WA, so not sure if the same boom opportunities are available.. I figure a lot of what's available has been picked over.. 

New to CA, so that's what has everyone in a tizzy.. 

If you have any friend who can manage the property.. a lot of good weed growers don't really have the capital, or necessarily business acumen to do the entire grow from plan to fund to lease to build to grow to retail. But know how to grow weed really well. Just like a farmer! So if you can get the logistics together, and give them living expenses while they grow, and a % of the crop, you could probably make some spread. A lot of hiccups can happen along the way... And make sure it's a place with WATER!!!!! :)

@Anita Ahuja,

Like @Ori Skloot was saying, there are still some cashflowing properties in Richmond and East Oakland, where I own some stuff. @Katie P. will be having a meetup soon in Oakland. And as Ori said, we'll be having a big Summit in Oakland if you want to get a broader array of what people are doing out there..  @Leslie Bandy is an agent in Oakland and sent me some stuff that can produce cash flow, although I've been too busy traveling to get back! (I'm sorry Leslie!!) @Ryder Meehan has a fun meetup in SF - but mainly focused out of state (except this next meetup's cannabis RE theme ;) And make it down to Milpitas for @Johnson H.'s meetup. San Jose for @Jeff Pollack 's meetup. And SF & East Bay for @Bobby Sharma. All great people to meet up with.  @Anastasia Orth, tagging you also for the meetups.. 

  Sacramento is also an option not too far away. @Al Williamson, @David Oldenburg, and @Tapan Trivedi all have meetups up there, and know the area. Some guys like @Andrew Fingado have some activity in Stockton. . 

As @Amit M. said, a lot of us here in the Bay prefer to stay local. 
Personally, I'm waiting until the unemployment rate gets high, and starts improving, before I buy more. That tends to be when equity appreciation is most explosive in the Bay, and kind of doesn't kick *** as much for the several years after unemployment rates hit their historical lows. (Tends to be a recession after that..) But that's just my preference. Others are still doing well. 

Go meet some folks, find what you need, and get started!
Good luck Anita :)